WOTS THU MAR APR 1 21
Probably no posts tomorrow it is Good Friday and the markets are closed just a heads up!
These are the articles I discussed on the My FX Buddies pocast at: https://anchor.fm/dashboard/episode/eu2ftf
Saleh blesses the approval of the budget and stresses the entitlement to implement it
Barham Salih,
we congratulate the vote on the budget, and we salute the tireless work between the government and parliament, and we hope that it meets the aspirations of our people for better living conditions.
In front of us now is the entitlement to implement in a way that guarantees the interests of citizens and rebuild the nation, and to take maximum measures to support low-income classes, provide job opportunities for our youth, and combat corruption.
Sairoun: The budget will be sent to the Presidency of the Republic within 48 hours for the purpose of approval
The Saeron Alliance announced, on Thursday, that the budget law voted on will be sent to the Presidency of the Republic within the next 48 hours for the purpose of approval and entry into force.
The deputy, Badr Al-Ziyadi, said to / the information / that "the Presidency of Parliament directed to reprint the draft budget in accordance with the latest amendments, additions and deletions that took place in the voting session yesterday."
He added that "after its completion, it will be sent to the Presidency of the Republic within 48 hours for the purpose of approval," noting that "it will be sent to publication after approval in the Official Gazette, and then it will enter into force."
Al-Ziyadi explained that "the exchange law will take effect from the first of January at the beginning of this year."
On Wednesday, the House of Representatives voted on the budget bill.
The US Embassy welcomes the approval of the budget: We look forward to continuing our partnership
We are pleased that Iraq has approved the 2021 budget and can now move forward on the path of implementing economic reforms that will lead to greater prosperity and security. The United States looks forward to continuing our partnership with Iraq and the Iraqi people.
The American Embassy
Central Bank Governor: Iraq is implementing its reform plans
Governor of the Central Bank, Mustafa Ghaleb Makhaif, confirmed, on Thursday, that Iraq is implementing its reform plans.
The Central Bank said in a statement that Mawazine News received a copy of, that "his governor participated, as a representative of Iraq, in the spring meetings of the International Monetary Fund."
Frightening stressed during a speech delivered at the meeting, "Iraq is implementing its reform plans towards fiscal and monetary policy."
He pointed out, "The Corona pandemic was and still is one of the obstacles facing the Iraqi economy despite the proactive measures that the central bank or the government worked on," stressing, "the country's keenness on international and regional openness in a way that serves Iraq's economic and financial interests."
another version
Central Bank Governor Mustafa Ghaleb Makheif confirmed, today, Thursday, that Iraq is implementing its reform plans.
The Central Bank of Iraq said in a statement received by the "Tigris", that "the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mkhaif, participated as a representative of Iraq in the spring meetings of the International Monetary Fund."
During a speech at the meeting, fearsome confirmed that Iraq is continuing to implement its reform plans towards fiscal and monetary policy. ”The
governor noted, according to the statement, that“ the Corona pandemic was and still is one of the obstacles facing the Iraqi economy despite the pre-emptive measures that the central bank or the government worked on, ”stressing. The country's keenness on international and regional openness to serve Iraq's economic and financial interests
THE IRAQI PARLIAMENT FIXES THE PRICE OF 1450 TO EXCHANGE THE DOLLAR
Baghdad-Al-Sharqiya April 1: The Iraqi Council of Representatives voted on the draft federal budget law for the two thousand and twenty-one fiscal years, after months of controversy and political debates. The House of Representatives fixed the exchange rate in the budget at one thousand four hundred and fifty dinars per dollar after it voted on the first article of the bill, which includes adopting the price of a barrel of oil at forty-five dollars. The Council also voted to delete Article Twenty of the Budget Law on imposing an income tax and deduction from the salaries of employees and retirees, in addition to deleting Article thirty-eight of the law relating to the expansion of opening the door to investment with participation between state departments, ministries and the private sector. Parliament voted to delete Article 42 on tourism, commercial, and service projects, and Article 43 for real estate sales, as well as Article forty-seven on corporate assets
Finance Minister: The change in the dollar’s exchange will continue for a long time, and this is his expectation of the flotation
On the recent devaluation of the Iraqi dinar by the government and the Central Bank, Allawi said in a press statement that "negative expectations on commodity price levels were expected and what happened came less than expected, but it was a necessary step for years due to its importance in structuring the economy and reducing the bill to support the dinar," He explained, "The negative effects of the devaluation gradually fade away."
He added, "The current price of the Iraqi currency against the US dollar after reducing its value will continue for a long time, and a full float may occur in the future, but the central bank will now work to maintain the current exchange rate level for as long as possible."
It is noteworthy that the exchange rates of the US dollar in exchange offices and local markets in the capital, Baghdad, reach 1435 dinars for purchase, and 1445 dinars for sale.
It is noteworthy that the Central Bank of Iraq decided on 19 December to amend the exchange rate of the dollar as follows:
1450 dinars per dollar is the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar the selling price of foreign currency to banks.
1470 dinars per dollar is the selling price of foreign currency to the public.
It is noteworthy that Prime Minister Mustafa Al-Kazemi said during the cabinet session held today, Tuesday, "We hope to stay away from auctions in the issue of the dollar exchange rate, as the decision was taken by the Central Bank according to a targeted vision and strategy, and we began to see the results on the growth of the monetary reserve, and on the classification of Iraq." Credit internationally. "
He added, "We look forward to speeding up the passage of the federal budget law, and the paragraphs it contains that address the needs of the poorest classes, and support service projects that affect the lives of citizens
After passing the budget .. Economist: The exchange rate of the dollar will stabilize at this number
The economic expert, Saleh Al-Hamashi, said, Thursday (April 1, 2021), that the exchange rate of the dollar will be fixed in the Iraqi market, at 1470 or 1480 dinars within less than a month.
It is noteworthy that the House of Representatives voted, yesterday, Wednesday (March 31, 2021), on the budget law, which included in one of its paragraphs that the exchange rate of one dollar be 1450 dinars.
Al-Hamashi stated to IQNEWS , that "the price of the Iraqi dinar is 1450 dinars to one dollar as the price of the Ministry of Finance, while the price of the Central Bank is 1460 dinars, meaning that there is a (difference) of 10 points between the central bank and the Ministry of Finance."
He added that "the price of the dollar will not rise to 1500 dinars, and will stabilize in less than a month at 1470 or 1480 dinars," considering that "the MPs’ statements regarding the exchange rate have confused the currency in Iraq. "
It is noteworthy that the selling price of the dollar in the Iraqi market was recorded today morning,
Thursday, 146,400 dinars per 100 dollars, while the purchase price was 146,300 dinars
Below is the regular "WOTS report for the day
The exchange rates of the dollar rose on the main stock exchange in Baghdad today, Thursday.
The central Al-Kifah and Al-Harithiya Stock Exchanges in Baghdad recorded 146,750 dinars, compared to 100 US dollars.
While the Kifah Stock Exchange recorded 145.750 dinars when it opened on Wednesday morning.
The price increased in the exchange shops in the local markets in Baghdad as well, as the purchase price reached 145,750 dinars per 100 dollars, and the sale was 146,750 dinars.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1433.8000 |  1485.0000 | 1457.5000 | 1456.8000 | 1457.5000 |  0.0000 | 11:42 |
| USD/VND | 23065.0000 | 23075.0000 | 23054.8700 | 23050.2400 | 23050.2400 | 6.3900 | 00:26 |
| USD/CNY | 6.5735 | 6.5755 | 6.5762 | 6.5509 | 6.5509 | 0.0220 | 04:57 |
| USD/KWD | 0.3018 | 0.3028 | 0.3021 | 0.3020 | 0.3021 | -0.0002 | 03:55 |
| GBP/USD | 1.3773 | 1.3775 | 1.3795 | 1.3746 | 1.3780 | -0.0008 | 04:58 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14578.0000 | 14582.0000 | 14605.0000 | 14541.0000 | 14543.0000 | 34.0000 | 04:56 |
RISE OF THE DIGITAL DOLLAR...
Police determine cause of Tiger Woods crash but won't make it public without HIS permission...
MICROSOFT wins $22 BILLION Army contract for augmented-reality headsets...
Truck carrying radioactive uranium compound crashes in NC...
Brisk Walking Good for Aging Brain...
Scientists Collect Human DNA From Air In Breakthrough...
From 'humanzees' to super viruses. China Frankenstein experiments...
Oil prices are returning to rise amid expectations of production restrictions
Crude prices rose on Thursday to compensate for some of the losses in the previous session, amid expectations that the meeting of OPEC and its allies later on Thursday will result in restrictions on production in the face of the outbreak of Corona virus infection in some regions.
Brent crude for June delivery rose 34 cents, or 0.53 percent, to $ 63.07 a barrel by 05:10 GMT, after falling 2.2 percent overnight. The price of US oil rose 38 cents, or 0.63 percent, to $ 59.54 a barrel, after falling 2.3 percent on Wednesday.
Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia and Kazakhstan, a group called OPEC +, will meet later on Thursday to consider options that include extending production and gradually increasing production.
"The most likely outcome ... the meeting is not significant changes in production," the Eurasia Group said in a report on the gathering.
Eurasia said: "The warning displayed in the OPEC + discussions indicates that any decisions on the tapering will likely be postponed to the May meeting," referring to the gradual supply of halting production to the market.
The cut in OPEC + oil demand growth forecast for this year by 300,000 barrels per day also affected prices and increased the likelihood that the meeting would lead to continued restraint.
OPEC + is currently limiting production by just over 7 million barrels per day to support prices and reduce oversupply. Saudi Arabia added to those cuts another million barrels per day.
The cuts came after the novel coronavirus outbreak turned into the largest global health crisis in a century and stripped demand for oil and fuel
Al-Maliki in a voice message: The battle has not ended and we are still in the center of the field against the terrorists of the country
The leader of the State of Law coalition, Nouri al-Maliki, said that the country's battle has not ended against terrorists who want to sabotage the country and the political process.
He said in an audio message, "We are still at the center of the field in which our forces are roaming, alongside saboteurs who want to sabotage the country and the political process, so there is no room for complacency, retreat and weakness, but we must provoke our principles and feelings in order to confront every force without fear and without fear." .
"We are right on our side, we must be stronger than they are on their falsehood," he added
After passing the budget .. Economist: The exchange rate of the dollar will stabilize at this number
The economic expert, Saleh Al-Hamashi, said, Thursday (April 1, 2021), that the exchange rate of the dollar will be fixed in the Iraqi market, at 1470 or 1480 dinars within less than a month.
It is noteworthy that the House of Representatives voted, yesterday, Wednesday (March 31, 2021), on the budget law, which included in one of its paragraphs that the exchange rate of one dollar be 1450 dinars.
Al-Hamashi stated to IQNEWS , that "the price of the Iraqi dinar is 1450 dinars to one dollar as the price of the Ministry of Finance, while the price of the Central Bank is 1460 dinars, meaning that there is a (difference) of 10 points between the central bank and the Ministry of Finance."
He added that "the price of the dollar will not rise to 1500 dinars, and will stabilize in less than a month at 1470 or 1480 dinars," considering that "the MPs’ statements regarding the exchange rate have confused the currency in Iraq. "
It is noteworthy that the selling price of the dollar in the Iraqi market was recorded today morning, Thursday, 146,400 dinars per 100 dollars, while the purchase price was 146,300 dinars
Learn about the most prominent features in the joint Iraqi-Saudi statement
On the level of bilateral relations, the two sides affirmed their keenness to expand bilateral cooperation in various fields and to activate the agreements and memoranda of understanding reached between the two countries, and urged the ministries and relevant authorities in the two countries to make more efforts to ensure the speedy completion and implementation of these agreements.
The two sides agreed on the following:
1- Establishing a joint Iraqi-Saudi fund, the capital of which is estimated at three billion dollars, as a contribution from the Kingdom of Saudi Arabia in promoting investment in economic fields in the Republic of Iraq, for the benefit of the Saudi and Iraqi economies, with the participation of the private sector on both sides.
2- Cooperation in the fields of energy and renewable energy and activating and accelerating the joint action plan under the umbrella of the Saudi-Iraqi Coordination Council, with the need to continue cooperation and coordination of positions in the petroleum field, within the scope of work of the Organization of Petroleum Exporting Countries (OPEC), and the agreement (OPEC +), with Full commitment to the requirements of the agreement, the compensation mechanism, and all the decisions that have been agreed upon to ensure the stability of the global oil market.
3- Completing the electrical interconnection project due to its importance for the two countries.
4- Enhancing coordination in the field of mutual support and support within the framework of multilateral diplomacy.
5- Enhancing investment opportunities for Saudi companies and inviting them to expand their activities in Iraq and in various fields, and in reconstruction efforts.
The statement pointed out that "the Republic of Iraq appreciated the participation of the Kingdom of Saudi Arabia in the Kuwait Conference for the Reconstruction of Iraq, which was held during the period 12-14 February 2018, and its pledges and contribution to it. It was agreed to coordinate between the two sides to agree on the means and aspects of the aforementioned support, as well as the initiatives that were appreciated." The Kingdom of Saudi Arabia provided it to the Republic of Iraq in the field of confronting the Corona pandemic (Covid-19).
"Bilateral agreements were signed that included (an agreement to avoid double taxation, an agreement for cooperation in the field of development planning for economic diversification and private sector development, a cooperation agreement between the Saudi Contractors Authority and the Iraqi Contractors Union for the reconstruction of Iraq, and the agreement for financing Saudi exports to Iraq)."
CBI Update: Just a note:
including $0. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
3-31-2021 Intel Guru Footforward ...The rate has to be above $3.50 in my opinion and they won't out it out publicly into a budget unless the RV has actually already happened. That is not financial or investment advice. But I've been very consistent on the rate of the dinar for over 4 years now...There must be a really good reason beyond any stubbornness anyone could say I have.
3-31-2021 Intel Guru Bruce [via WiserNow] We’re in a very good place I believe...everything is syncing up – S Y N C ING up so that we can all go together as the shot gun start for us...Remember the lawsuit that...second lawsuit that was filed – in the world court and received a decision back on the 19th...of March - and the decision was - to have tier 4B...they/we the internet group...the decision called for notifications to go out no later than the 31st of March... even though this is going down to the wire... if everything is still on track - we are all good - it’s all good... I think we’re in a really good place right now...hopefully there are no more delays...
3-31-2021 Newshound Guru Pimpy People keep asking me what my opinion is on the whole dinar thing - will they take 4 years? No. I don't think so. That's just my opinion though. I think there's plenty of reasons to watch the currency go up in value...Now there is another thing going on all together. I'm trying to get permission to talk about this. We think we know what the true reason is why it has not changed yet. We're just trying to get confirmation and permission to talk about it...
3-31-2021 Newshound Guru Brietling Question: [The issue of the HCL or the Oil and Gas Law...Do you see this issue needing to be resolved before the value of the dinar increases?] Nope. They don't need it. Period end of story. How does that effect the rate of the dinar one way or the other?...The hydro Carbon law is they're talking about where the money is going that is brought in from selling energy. Specifically US dollars. It has nothing to do with the dinar at all.
3-31-2021 Intel Guru MarkZ [via PDK] A quorum was met about an hour and a half ago…they do expect to vote today on the budget. It does appear that it will pass…so all eyes are on Iraq… If we hear good news I will come back... I have heard rumors they may try to do a “blackout” if the vote went well. And then try to release it over the Easter weekend. Similar to what they did in Kuwait. When Kuwait passed it- they blacked it out for 10 days…of course that was before the widespread proliferation of internet, cell phones etc…. I don’t think they will be able to keep this under wraps as long as they did in Kuwait. But I am told they are going to try. We don’t know exactly how it is going to work…all we can do is watch. I hope we know at least that they have crossed the finish line…would bring peace of mind. Feels like we have been here before but I don’t think we have ever been this close.
3-31-2021 Intel Guru Frank26 Question: [I understand there is only so much you can share regarding taxes, my question is...] ...I stop. I'm not a wealth manager/advisor...but I can tell you this. B is going to destroy you. He's already stabbed you in the back by reneging on many things that he's told you. He said they wouldn't mess with the capital gains. Look what he's doing. He's going to do it at the end of the year. He's going to wait to the last second to show you how he's going to destroy you. [NOTE: Consult your tax and financial advisors at the appropriate time for your family's unique circumstances]
3-31-2021 Guest Guru sheila [IF it was going to happen or it has happened...IT WILL BE INTERNATIONAL NEWS. PERIOD.] Yes, there is no such thing as an In Country Revalue. When this activates, it's in a flash - FOREX.
3-31-2021 Newshound Guru Pimpy This whole arena, everything is speculation...Just because I don't always agree with the other youtubers that doesn't mean I'm after them. I just don't agree. We won't always agree on stuff. Some of you guys believe them too too much if you ask me because you guys lose your mind...stay grounded...you should want somebody to tell it to you straight whether it's good or bad. That's what I would hope...
3-31-2021 Intel Guru MarkZ We hope the date for exchanging...is April 1st…this is not written in stone. This is the start of much of the world’s fiscal year…Its the start of Iraq’s fiscal year. They are pushing hard to have it done by then.
No comments:
Post a Comment